K2 Asset Management

Shares in the alternative investment manager gained 4 per cent in heavy volumes on Thursday for their best one-day gain in three weeks. For the year,
K2
shares are up 12.5 per cent, easily ahead of the All Ordinaries Index, which has eked out a 2.2 per cent gain over the same period. Unlike other fund managers, K2 isn’t simply a leveraged bet on equity markets. K2 specialises in absolute return funds, which are uncorrelated to traditional equity markets, and produce positive returns irrespective of the fortunes of the benchmark indices. Since inception in 1999, its Australian Absolute Return fund has generated returns of 14.41 per cent per annum.. In March, it received inflows of $15 million, to boost assets under management across its three funds to $1.03 billion.